Minneapolis Fed sheds light on crisis myths

Four widely-held beliefs about the financial crisis of 2008 are false, research from the Minneapolis Federal Reserve finds.

The authors present figures based on data from the Federal Reserve that show bank lending to nonfinancial corporations and individuals has not declined during the financial crisis. The data also demonstrate that interbank lending remains healthy and volumes have not fallen sharply, and that commercial paper issuance by nonfinancial corporations is essentially unchanged

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